Alliance Laundry Systems

Alliance Laundry Systems LLC is a provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial laundry equipment under various brands in over 100 countries.[2] Among the company’s products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen,[3][4][5] Primus, Huebsch, IPSO, and UniMac. The company was founded in 1998 and is based in Ripon, Wisconsin.[6] However, Alliance claims Speed Queens founding date of 1908 as the beginning for the company. [7]

Alliance Laundry Systems LLC
TypePrivate
IndustrySelf-service laundry
PredecessorBarlow & Seelig Manufacturing
McGraw-Edison's appliance division
Raytheon Commercial Laundry
Founded1998
HeadquartersRipon, Wisconsin, United States
Key people
Mike Schoeb - CEO
ProductsSpeed Queen
UniMac
Huebsch
IPSO
Primus
Number of employees
2,730 (2014)[1]

History

Background

The company's precursor Barlow & Seelig Manufacturing was established in 1908 and later introduced a hand-operated washer to the marketplace. The Speed Queen brand was created in 1928 with the introduction of stainless steel wash tubs in 1939[8] and automatic washers and dryers in 1952.[9] Eventually Barlow & Seelig was renamed Speed Queen Company, and was later purchased by McGraw-Edison. In 1979, McGraw-Edison sold its appliance division to Raytheon Company.

Formation

In February 1998, private equity firm Bain Capital agreed to acquire the commercial laundry business from Raytheon for $358 million.[10][11][12][13] And as a result, Alliance Laundry Systems was formed.

In January 2005, Teachers' Private Capital, the private equity affiliate of the Ontario Teachers' Pension Plan acquired the majority of the equity interests of Alliance Laundry for $450 million.[14][15][16]

In 2009, the Alliance Laundry Systems University (ALSU) was founded as a corporate university available online to authorized Alliance Laundry Systems distributors, route operators and customers.[17]

In March 2014, the Alliance Laundry acquired Primus Laundry Equipment headquartered in Gullegem, Belgium for approx. $259.4 million.[1][18][19]

In April 2015, it was reported that Ontario Teachers' Pension Plan was planning to sell Alliance Laundry or issue an IPO, valuing the business at $1.8 billion.[20][21] Later in 2015, a majority stake was sold to BDT Capital Partners.[22]

References
  1. Archived 2015-04-13 at the Wayback Machine. Alliance Laundry Systems 2014 Annual Report.
  2. Asian Hotel & Catering Times. Vol. 30. 2005. pp. 53–. Established in the US in I908, Alliance Laundry Systems is today an alliance of brands including Speed Queen, Huebsch_ UniMac and Ajax and its products can be found in more than 100 countries. ...
  3. Tax Notes International. Vol. 30. Tax Analysts. 2003. pp. 9–. The U.S. -based manufacturer of Speed Queen laundry machines, Alliance Laundry Systems LLC, has a 38 percent share of all relevant laundry equipment markets, and makes a mouthwatering 16 percent operating income margin.
  4. Teaming for Efficiency: Energy and environmental policy. American Council for an Energy-Efficient Economy. 2002. pp. 9–311–.
  5. Efraim Turban (2006). Electronic commerce 2006: a managerial perspective. Pearson Prentice Hall. ISBN 978-0-13-185461-1. ... Wash Alert (marketed by Alliance Laundry Systems for Speed Queen machines) is being used at the Illinois Institute of Technology, Ohio University, and Ball State University. ...
  6. Hoover's Business Press (2010). Hoover's Handbook of Private Companies. Hoover's Business Press. pp. 35–. ISBN 9781573111379. Through its wholly owned subsidiary, Alliance Laundry Systems, the company makes commercial laundry equipment used in Iaundromats, multi-housing laundry facilities (apartments, dormitories, military bases), and on-premise laundries ... {{cite book}}: |author= has generic name (help)
  7. user. "Our story". Alliance Laundry Systems. Retrieved 2023-07-07. {{cite web}}: |last= has generic name (help)
  8. "The Speed Queen Story - The History and The Present". Speed Queen. Retrieved 2021-12-23.
  9. David Sakrison; Harry Heileman (2000). A portrait of Ripon: historic photographs of Ripon, Wisconsin. Ripon Main Street, Inc. pp. 113–. The Speed Queen Company (now Alliance Laundry Systems), Ripon's largest employer for much of its history, got its start in the back of a hardware store at 214 Watson Street owned by John Seelig, a former tombstone merchant, and Joe ...
  10. Raytheon in $358 million Deal to Sell Laundry Business. New York Times, February 24, 1998
  11. HotelBusiness. Vol. 7. ICD Publications. 1998. pp. 35–. Alliance Laundry Completes Raytheon Buy For $358M
  12. Gary Hoover (1999). Hoover's Handbook of American Business. Reference Press, Incorporated. pp. 1188–. ISBN 9781573110457. Figuring that the best defense is a good offense, Raytheon is fortifying itself against US military spending cutbacks by acquiring other defense contractors ... and its commercial laundry business to Alliance Laundry Systems (1998). ...
  13. Executive Housekeeping Today. Vol. 18–19. National Executive Housekeepers Association. 1998. pp. 37–. He is now responsible for operations of the company. Alliance Laundry Systems LLC announced the acquisition of Raytheon Commercial Laundry (RCL), the commercial laundry equipment manufacturing business of Raytheon Co. Alliance is ...
  14. Hoover's (1 October 2005). Hoover's Masterlist of Major US Companies, A-Z. Hoovers Incorporated. ISBN 978-1-57311-107-2. Founded in 1908, Alliance Laundry was sold to private investment firm Teachers' Private Capital (private equity arm of Ontario Teachers' Pension Plan) for about $450 million in early 2005.
  15. . "Ontario Teachers' to purchase Alliance Laundry Systems LLC". BusinessWire, December 8, 2004
  16. Amy Or (21 October 2014). "Ontario Teachers' Pension Plan to Buy 30% Stake in CSC ServiceWorks - WSJ". WSJ.
  17. Archived 2015-04-07 at the Wayback Machine. Alliance Laundry Systems University page at Alliance Laundry website
  18. "Giving laundries greater flexibility with control". laundryandcleaningnews.com.
  19. "Wasmachinegroep Primus overgenomen door Alliance Laundry". 11 February 2014.
  20. . "Ontario Teachers’ Said to Plan Sale or IPO of Alliance Laundry". BloombergBusiness, April 6, 2015
  21. Scott Deveau and Leslie Picker, Bloomberg News (6 April 2015). "Ontario Teachers' Pension Plan said to seek sale or IPO of $2-billion company Alliance Laundry". Financial Post.
  22. "BDT Capital Partners, LLC Agrees to Acquire a Majority Stake in Alliance Laundry Systems from Ontario Teachers'". Archived from the original on 2016-06-04. Retrieved 2016-05-14.
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